NEO Price Prediction 2020 , 2023, 2025 | NEO 3.0: Upcoming Network Upgrades

In this post, we will present our own and market’s opinion on NEO future while discussing NEO price prediction for 2020.


Since this year is almost up, NEO price prediction 2020 is way more interesting, so we made sure to include that section as well, just make sure to scroll all the way to the end.

NEO price for today is 11.56 USD. Its current circulating supply is 70,538,831 NEO with a market cap of $815,285,915.



What is Neo (NEO Coin)?
NEO is a blockchain platform for the advancement of digital assets and smart contracts. Smart contracts are the next big thing which can be applied to many real-life situations and businesses.

 It was rebranded from AntShares to NEO in June 2017, which proves that NEO is predominantly a new coin, which geared up like a storm to be able to secure the spot in the top 20 cryptocurrencies in the world.

One feature of NEO is that it cannot be divided. So, you can't make a transfer like 0.5 NEO or 0.11 NEO. It can be considered similar to the stocks of any company, which cannot be divided. But by holding this crypto, you’ll be able to hold another cryptocurrency- GAS, which can be divisible up to 0.00000001. 

NEO can be bought and sold on a variety of crypto exchanges, which provides it with increased credibility in the eyes of the commoner and makes it an option for a large number of people looking start getting in cryptocurrency whereabouts.

NEO is surging to be bullish, which states that it might touch the highest touchdown in this month. NEO has been great in not losing its positive stance, and that pushes it to move upwards dramatically.

NEO 3.0: Upcoming Network Upgrades

A NEO price prediction is based on the possible benefit from the upcoming network upgrade that will see the launch of NEO 3.0. The new protocol will help the platform scale sufficiently and build a fully integrated digital economy. According to Da Hongfei and Erik Zhang who are both the founders of the NEO platform, they hope to make the protocol the number one blockchain in 2020.

The upgrades will help the project create a decentralized platform that will be able to support large scale commercial applications. The focus will be put on reliability, increase on the storage capabilities and increased transaction per second output.

Precisely, the new features that will be added on NEO 3.0 include:

1. Native contracts which will be a new type of smart contracts that will run code directly instead of using the NEO virtual machine directly. Both NEO and Gas will exist as native contracts in NEO 3.0.

2. The internet resource access that will allow users to access internet resources using smart contracts.

3. There will be an improvement of the dBFT consensus mechanism.

4. There will be manifest and permission system where smart contracts will be classified to facilitate efficient communication between them.


5. Development of the NeoFS, a proposal that seeks to build a distributed storage network that will be complete with its own economic incentives.

Market prediction for NEO price

NEO, because of its potential, makes a good option for a long-term investment than most other cryptocurrencies, and NEO price predictions can be quite difficult. Although it is also facing a number of headwinds, this year could be very positive for NEO. 

Let’s get a glimpse of the future of NEO by looking out the predictions given by the crypto traders or publications:

Being Crypto

Being Crypto predicts that NEO might reach $120 by 2019 end, 200 USD by 2020 and in five years might go up as much as $450. Their confidence in the prediction shows that NEO has the potential to surpass other coins by their developments.

Smartereum

Smartereum gives a 5-year forecast wherein they have said that the five-year forecast is around $ 1275, which looks like on an average NEO might increase by 1.5X on an average every year.

Long Forecast

As per Long Forecast prediction, they believe that the price of NEO might depreciate in 2019 and might fall to around $9. But, 2020 holds positive and they predicted that NEO might reach as high as $21 by the end of 2020.

Crypto Ground

According to Crypto Ground, NEO might go up to $195.352 in a period of 5 years, which will be an increase of around 40X, X being the current price.

Coin Fan

CoinFan believes that by 2019, NEO might hit $200 at the maximum and by 2020, it might go up as much as $783. THis looks like an optimistic bullish prediction by Coin Fan.


Our Verdict on NEO price prediction

The futuristic concerns primarily drive NEO’s developers, as they are focused on making NEO the foundation for an economy of the future. They are very proactive in reaching their goals as they’ve even abandoned the traditional proof-of-work and proof-of-stake validation algorithms for a delegated Byzantine fault tolerance algorithm, that is optimized to reduce the vulnerability of the network to bad actors while increasing its scalability in terms of transaction speed. These developments make NEO one of the most sought-after cryptocurrencies. According to NEO price prediction of 2019, it might plunge upwards to reach the $200 mark by the end of 2020.


NEO price prediction 2020

NEO might officially get the Chinese government on board on the whole blockchain bandwagon and capture most of the Asian market by 2020, which will not only increase the adoption rate, but also the use cases. It is planning to work on its trading features and support cross chain trading in its exchange platform.

 Da Hongfei and Erik Zhang- NEO founders are working towards making NEO the most developer-friendly through NEO 3.0, optimize its fundamental architecture and ensure the current development of NEO is not slowed down. They are even planning on introducing NeoFS which will provide NEO with the ability to store massive amounts of data. 

This will help in designing a stable and powerful smart contract system by providing a complete development environment and tools which includes providing financial and technical support for projects in the ecosystem. By the end of 2020, NEO might be one of the top 10 or rather 5 cryptocurrencies in the world.NEO is predicted to reach $274.8 by the end of 2020.

NEO price prediction 2023

Considering the scalability of the platform and its potential, it is a good opportunity for the investors to invest in this cryptocurrency. Even Considering the fact that it is also starting to garner the attention of the institutional investors, the potential is sure to raise more and more.

 By 2023, NEO is going to be one of the most widely used cryptocurrency and might reach as high as $437 USD by the end of 2023.

NEO price prediction 2025

As per NEO price prediction 2025, NEO might reach $533, which might become one of the biggest stepping stone for NEO. NEO might even move up the ranking order, gain good deals and partnerships with the biggest organizations in the world. 

NEO has always proved its uniqueness, which helped the NEO fans to stick by, even when it is not doing well. This proves that NEO might prove to be a game changer in the days to come. By 2025, Neo might reach $533.